In a pure market economy,
A) there is no role for government.
B) government intervention might be needed.
C) large markets where people meet to buy and sell are required.
D) all of the above.
Correct Answer:
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Q7: The federal government gets most of its
Q11: In 1965,national defense was just as large
Q12: Politics
A)play no role in public finance.
B)influence government
Q13: The federal government
A)is the largest taxing entity
Q14: Individuals
A)are too small to matter in macroeconomic
Q14: Taxes
A)are mandatory payments.
B)are necessary for financing government
Q17: Social insurance has become an increasingly large
Q18: Economists who study the role of government
Q19: Education is
A) generally financed at the state
Q20: For the government to provide goods and
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